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KCM
Kingdon Capital Management Portfolio holdings
AUM
$911M
1-Year Est. Return
51.11%
This Fund
S&P 500
This Quarter
Est. Return
+10.84%
1 Year Est. Return
+51.11%
3 Year Est. Return
+185.44%
5 Year Est. Return
+284.29%
10 Year Est. Return
+2,022.7%
AUM
$502M
AUM Growth
-$280M
(-36%)
Cap. Flow
-$286M
Cap. Flow
% of AUM
-56.87%
Top 10 Holdings %
Top 10 Hldgs %
41.94%
Holding
82
New
22
Increased
7
Reduced
5
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$21.9M |
| 2 |
Becton Dickinson
BDX
|
+$21M |
| 3 |
Quanta Services
PWR
|
+$19.5M |
| 4 |
ISEE
IVERIC bio, Inc. Common Stock
ISEE
|
+$18.2M |
| 5 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$15.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$25.9M |
| 2 |
Elevance Health
ELV
|
+$18.6M |
| 3 |
Cheniere Energy
LNG
|
+$15.1M |
| 4 |
Crown Holdings
CCK
|
+$13.9M |
| 5 |
Amazon
AMZN
|
+$13.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 26.62% |
| 2 | Healthcare | 19.8% |
| 3 | Technology | 11.8% |
| 4 | Financials | 9.18% |
| 5 | Utilities | 2.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
UnitedHealth
UNH
$370B
| – | – |
-19,349
| Closed | -$9.77M |
|
77
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| – | – |
-300,000
| Closed | -$23.8M |
|
|
MTEM
78
DELISTED
Molecular Templates, Inc.
MTEM
| – | – |
-35,207
| Closed | -$396K |
|
|
SI
79
PUT
DELISTED
Silvergate Capital Corporation
SI
| – | – |
-44,300
| Closed | -$3.34M |
|
|
EUCR
80
DELISTED
Eucrates Biomedical Acquisition Corp. Ordinary Shares
EUCR
| – | – |
-200,000
| Closed | -$2M |
|
|
AGTC
81
DELISTED
Applied Genetic Technologies Corporation
AGTC
| – | – |
-1,225,000
| Closed | -$333K |
|
|
SBNY
82
DELISTED
Signature Bank
SBNY
| – | – |
-32,500
| Closed | -$4.91M |
|
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Kingdon Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Kingdon Capital Management held 82 positions worth $502M, down 36% from $782M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Kingdon Capital Management withdrew a net $286M in Q4 2022, closing 32 positions and reducing 5 holdings. Its most notable exit was Baxter International, an estimated $25.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 27% of assets, up from 9% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Kingdon Capital Management opened a new position in Boeing worth $25.5M.
- Kingdon Capital Management's largest Q4 2022 buy was Boeing: 133,700 shares worth $25.5M.
- Kingdon Capital Management added most to Ferguson in Q4 2022, an estimated $8.34M increase.
- Kingdon Capital Management's biggest Q4 2022 reduction was Aramark, cutting an estimated $5.73M.
- Kingdon Capital Management fully exited Baxter International in Q4 2022, selling an estimated $25.9M.
- Kingdon Capital Management's ten largest holdings make up 42% of its $502M portfolio in Q4 2022.
- Kingdon Capital Management opened 22 new positions and closed 32 in Q4 2022.
- Kingdon Capital Management's portfolio value fell 36% quarter-over-quarter to $502M.
Based on Kingdon Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.